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Female Board Members Amplify the Relationship Between Greenness and Profit Margin

Author

Listed:
  • Li, Jiamin
  • Okada, Erica Mina

Abstract

Our research empirically demonstrates that consumers buy more from and/or at higher prices from greener firms, so greener firms enjoy higher profit margins. We also show that higher female representation on the corporate board further amplifies the higher profit margins that greener firms enjoy. Our study is based on a financial analysis of the entire set of public firms in the consumer defensive sector for which (1) financial data, (2) environmental risk scores, and (3) board membership information were publicly available.

Suggested Citation

  • Li, Jiamin & Okada, Erica Mina, 2024. "Female Board Members Amplify the Relationship Between Greenness and Profit Margin," Hitotsubashi Journal of commerce and management, Hitotsubashi University, vol. 58(1), pages 1-11, October.
    • Handle: RePEc:hit:hitjcm:v:58:y:2024:i:1:p:1-11
    DOI: 10.15057/hjcm.2024001
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    More about this item

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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